Activate Warren Soultrader by paying 1 life and sacrificing the persist creature.
When the persist creature dies, its persist ability and Falkenrath Noble trigger.
Resolve the persist trigger, returning the persist creature from your graveyard to the battlefield with a -1/-1 counter on it.
Resolve the Falkenrath Noble trigger, causing target opponent to lose 1 life and you to gain 1 life.
Resolve the Warren Soultrader ability, creating a Treasure token.
When the Treasure enters, Mm'menon triggers, putting a +1/+1 counter on the persist creature.
Repeat.
This loop turns the simple sacrifice outlet of Warren Soultrader into a complete engine of destruction by using a creature with persist (or a similar recursion piece) as your fuel. Every time that creature is fed to the Soultrader, Falkenrath Noble drains away your opponent's life total while the newly created Treasure token triggers Mm'menon, Uthros Exile to place a +1/+1 counter on your recurring creature. Because this +1/+1 counter immediately cancels out any -1/+1 counters your creature might have accrued upon returning, the sacrifice loop can continue indefinitely to generate boundless colored mana alongside your endless treasure and death triggers.